Northland Capmk Has Strong Forecast for TH FY2024 Earnings

Target Hospitality Corp. (NASDAQ:TH) – Northland Capmk boosted their FY2024 earnings per share estimates for Target Hospitality in a report issued on Wednesday, November 13th. Northland Capmk analyst G. Gibas now expects that the company will post earnings of $0.65 per share for the year, up from their prior forecast of $0.59. The consensus estimate for Target Hospitality’s current full-year earnings is $0.62 per share. Northland Capmk also issued estimates for Target Hospitality’s Q4 2024 earnings at $0.07 EPS and Q4 2025 earnings at $0.09 EPS.

Several other equities analysts have also recently weighed in on TH. Northland Securities raised their price target on shares of Target Hospitality from $9.00 to $11.00 and gave the stock a “market perform” rating in a research note on Wednesday. Oppenheimer restated a “market perform” rating on shares of Target Hospitality in a report on Thursday.

Target Hospitality Stock Performance

NASDAQ:TH opened at $9.08 on Friday. The stock has a 50-day simple moving average of $8.37 and a 200 day simple moving average of $9.27. Target Hospitality has a 52-week low of $6.11 and a 52-week high of $11.84. The company has a market cap of $911.41 million, a PE ratio of 10.43, a PEG ratio of 1.06 and a beta of 2.09.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. LB Partners LLC raised its holdings in shares of Target Hospitality by 300.3% in the 3rd quarter. LB Partners LLC now owns 536,428 shares of the company’s stock valued at $4,173,000 after purchasing an additional 402,428 shares during the period. DRW Securities LLC acquired a new position in Target Hospitality during the second quarter worth approximately $1,456,000. Denali Advisors LLC raised its stake in Target Hospitality by 856.2% in the second quarter. Denali Advisors LLC now owns 185,500 shares of the company’s stock valued at $1,616,000 after buying an additional 166,100 shares during the period. Atlas Merchant Capital LLC acquired a new stake in shares of Target Hospitality in the second quarter valued at approximately $1,306,000. Finally, HighTower Advisors LLC boosted its stake in shares of Target Hospitality by 10.1% during the 3rd quarter. HighTower Advisors LLC now owns 1,466,356 shares of the company’s stock worth $11,408,000 after acquiring an additional 134,966 shares during the period. Institutional investors and hedge funds own 32.40% of the company’s stock.

Target Hospitality Company Profile

Target Hospitality Corp. operates as a specialty rental and hospitality services company in North America. The company operates through two segments, Hospitality & Facilities Services – South and Government. It owns a network of specialty rental accommodation units. In addition, the company provides catering and food, maintenance, housekeeping, grounds-keeping, security, health and recreation facilities, workforce community management, concierge, and laundry services.